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0 1 2 3 4 5 6 7 8 9
/10

SiamOption

Seychelles Seychelles | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://siamoption.com

Website

Rating Index

Regulation 2.69 Tech 4.60 Reputation 3.76 Business 6.92 Risk Control 2.88 / 0.17
2.04

Contact

+357-22007167
https://siamoption.com

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Seychelles
Operating Period
5-10 years
Company Name
SiamOption
Email
support@siamoption.com
Contact Number
+357-22007167
Company Website
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • siamoption.com
    172.67.69.35
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    2015-11-17
    Website Name
    WHOIS.VERISIGN-GRS.COM
    Company
    INTERNET DOMAIN SERVICE BS CORP

Company Profile

Company Profile

Review summary

Basic Information & Regulation of SiamOption

SiamOption is a binary options broker, mainly targeting a client base in Thailand and across South East Asian. SiamOption claims to have started offering financial services in 2013, but SiamOption is currently not subject to any effective regulation.

Safety Analysis

SiamOption is an unregulated broker, which means that the safety of investors' funds and trading activities are not protected in any way. Therefore, it is best for investors to stay away from this SiamOption binary options broker.

Market Instruments

Investors can trade a wide range of financial assets on the SiamOption platform, mainly Forex pairs, cryptocurrencies, indices, commodities, and stocks.

Accounts of SiamOption

There seems to be only one account offered on the SiamOption platform, and the minimum deposit for this account is 400 baht.SiamOption promises very high payouts, up to 90%, for popular currency pairs like the EURUSD. Most binary options brokerage, on the other hand, offers payouts in the range of 81%-86%.

Trading Platforms Available of SiamOption

SiamOption offers traders an in-house online trading platform with good charting tools, offering a variety of charts as well as a large number of technical analysis indicators, which is quite rare among binary options providers, as most of them offer a very basic trading interface without any analytical tools.

Deposit and Withdrawal of SiamOption

SiamOption only supports traders to deposit or withdraw funds to their investment accounts via VISA, MasterCard. SiamOption offers extremely limited access to funds compared to brokers that allow traders to deposit and withdraw funds via wire transfer and some popular electronic payment methods. Besides, SiamOption also sets some limits on daily, weekly, and monthly withdrawals.

Pros & Cons of SiamOption

The main advantages of SiamOption are:

1. Low minimum deposit

2. Free demo account

3. Higher payouts

The main disadvantages of SiamOption are:

1. No regulation

2. Non-MT4/MT5 trading platform

3. Limited withdrawal method

4. Only one account option available


Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is SiamOption safe and reliable?

Based on WikiFX's comprehensive assessment, SiamOption is not considered a safe or reliable choice for traders. It holds a very low WikiFX Score of 1.57, which reflects a very high-risk profile. This score is primarily due to the entity operating without any recognized financial regulation, meaning client funds are not protected under any formal oversight framework.

04-13
United States

Is SiamOption regulated?

No. According to WikiFX data, SiamOption does not hold any valid licenses from major financial regulators such as the FCA, ASIC, or CySEC. The broker is registered in Seychelles but is not subject to effective regulatory oversight, placing it in an unlicensed and unsupervised category.

04-13
United States

What is the minimum deposit of SiamOption?

Specific minimum deposit requirements for SiamOption are not explicitly listed in its public profile. This lack of transparent information is often a characteristic of brokers that do not adhere to standard industry practices. It is advisable for potential clients to confirm such details directly before considering any funds transfer.

04-13
United States

Does SiamOption support MT4 or MT5?

No information is available regarding SiamOption supporting industry-standard platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5). This is notable as these platforms are widely regarded as benchmarks for trading tools, stability, and analytical features. The absence of such platform support further contributes to its high-risk evaluation.

04-13
United States
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